The fact that former Escrow holders (who might receive a return on their equity shares) and Newcomers (who bought COOP or WMIH after it emerged from bankruptcy and therefore could not be entitled to a return due to Escrow holders) both own COOP stock today, means that COOP could NOT be the vehicle for us to receive the fabled “fair value” from JPMC and/or the FDIC, or those bankruptcy remote trusts that are lurking in the shadows. COOP cannot be “the tell” in that respect and receive what is presumed to be due to former Equity, as that would reward the Newcomers who also own COOP.
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